Bitcoin is currently at $60,000 and attempting to reclaim the crucial range lows above the current levels. While there are positive signs, there is still more work to be done to confirm a sustained bullish trend.
Bitcoin is currently trading at $60,000, attempting to reclaim the crucial range lows. While there are positive signs, there is still more work to be done to confirm a sustained bullish trend.
On Crypto Banter’s Kyle Doops Trading Show, the analyst presented a list of coins hitting key support levels, stressing that while the overall trend is downward, a shift could lead to a reaccumulation phase.
The analyst discussed several key opportunities in the altcoin market, starting with Chainlink (LINK). He pointed out that Chainlink is poised to reclaim its range level, with the money flow increasing, indicating a potential bounce back to $18.
Moving to Ethereum (ETH), he noted that if Bitcoin were to face a rejection down to $50K, Ethereum could sweep down into its lows. This scenario would present a buying opportunity, but he emphasized he wouldn’t delve into other altcoins like Solana and Ton in this discussion.
Next was Sui (SUI), which has been aggressively downtrending but is now at a crucial support level. He explained a successful live trade on Sui, noting a 16% gain and the potential for further gains if the downtrend line is broken.
Next, he discussed Injective (INJ), which is also at a key support level around the $17-$18 mark. He suggested this zone is ideal for reaccumulation, with the potential for a move back up to $30 and eventually $45, offering over a 100% gain.
He then spoke about Aleph Zero (AZERO), which shows massive bullish divergence and is forming a significant deviation back into its range. Aleph Zero recently became EVM compatible, adding to its bullish potential. He outlined a strategy for a low-timeframe entry, aiming for a breakout above a specific level, which could lead to substantial gains.
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